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Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 3,750 cameras with the following costs: Direct materials $440,000

Product Cost in Total and Per Unit

Grin Company manufactures digital cameras. In January, Grin produced 3,750 cameras with the following costs:

Direct materials $440,000
Direct labor 88,000
Manufacturing overhead 352,000

There were no beginning or ending inventories of WIP.

Required:

1. What was the total product cost in January?

2. What was the product cost per unit in January? Round your answer to the nearest cent. per unit

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